The Japanese concept of _____________ requires Raw Materials to be acquired or produced only as ordered or needed.

Question 8 options:

Customer Orientation

Total Quality Management

Just In Time Manufacturing

Continuous Improvement

Question 9

Which of the following is a way in which process and job order costs systems are NOT similar?

Question 9 options:

Both are job order cost sheets.

Both maintain perpetual inventories.

Both accumulate product costs--Direct Materials, Direct Labor, and Overhead.

Both allocate product costs to units produced.